The federal budget is divided into three categories: discretionary, mandatory and interest payments. After adjusting for inflation and using 2009 dollars, discretionary spending has doubled since 1963. Defense spending has made up a majority of the budget for much of modern American history.
With rising inflation, reaching the millionaire threshold is no longer as big of a deal as it used to be. The $50 million benchmark — which represents the top 1% of the millionaire population — is much more representative of the ultra-wealthy.
Recreational cannabis has become a major industry in California. But the price of cannabis in California has become an immediate hiccup that has initially angered consumers. The effective sales tax on a gram of cannabis bought in San Jose works out to a hefty 38%.
There are 7.1 million households in the country that have investable assets of $1 million or more, giving the US a higher total population of millionaires than any other nation in the world. By state, the number of millionaires vary greatly across the US.
Demographic trends across county are vastly different around the US. The Midwest and Southeast seem to have a higher distribution of counties with median ages in the “middle ground." Meanwhile, the West seems to have an interesting dichotomy in many of its states.
2018-07-25T22:49:00Z
Tech companies are in constant negotiations to acquire startups that could help them in the future. Google has made the most acquisitions, with an average of nearly a dozen a year. Microsoft, Cisco and IBM make fewer acquisitions, but the companies they buy tend to have higher valuations.
The Great Lakes and the St. Lawrence River make up the most crucial North American trade corridor today, with $77.4 billion worth of goods flowing through the waterways each year. The region will remain a vital and important trade corridor for both America and Canada for a long time.
There have been a number of trade fights throughout history. They usually only cause economic effects on the involved countries.
But in some cases, trade wars can have political and diplomatic consequences worldwide.
Cities like that San Francisco, Silicon Valley, and New York, which are home to great technological advancements top the list.
Automation wil cause job losses, but inevitably it'll cause job gains in certain areas. The skills needed during the automation revolution are not much different than those needed in any other era of our world.
Conflicts, homicides, terrorism and other violence can hurt productivity and ramp up costs for things like military and security programs. In 2017, the economic impact of violence to the global economy was more than 12% of world GDP.
Protectionism is rising around the world, and countries with the biggest stakes in international trade will hurt the most. China and the US, who are in a trade fight, were the biggest exporters in 2017.
The most wealthy entrepreneurs in the world got to where they by taking very different paths. Some of them even had to go through personal and professional speed bumps before achieving a fortune.
In a more digital world, the way authorities try to fend off counterfeiters is changing. The latest fiat banknotes have security features including holograms and security threads.
The longest bull market so far was from November 1990 to March 2000. According to analysis by LDL Research, the current bull market is about to take that spot. The two eras were very different, though, and can demonstrate how market psychology is always changing.
State level distributions can be impacted by big cities, and population density is often uneven when divided by urban and rural areas. Geographical factors can also lead to unequal disbursement of communities.
It can be difficult to conceptualize how big the US economy is at $19 trillion. Looking at the country's economy state-by-state can be helpful.
There is a multitude of significant differences between banks in the US and Canada, including the size of institutions and their relative market share.
Tesla's mission statement and strategy can tell a lot about the future of the company — here's what that could look like.
China's "One Belt, One Road" initiative will cost between $4 trillion and $8 trillion and affect 65 countries.